The equilibrium level of GDP is always accompanied by full employment and stable prices.
Answer the following statement true (T) or false (F)
False
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Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 0d and that it is 0u in country B.) Domestic output in country B will, after the emigration of labor:
A. Increase by area qrs
B. Increase by area qtus
C. Decrease by area qrs
D. Decrease by area qtus
The collapse of Enron Corporation is a reminder of the importance of ________
A) moral hazard B) government-directed credit C) energy trading D) transparency
If Mousey Mike tattles, what would Bratty Brad's best response be
a. Hit b. Not hit c. Run d. Hide
_____ is the theory that was popular before _____ changed the face of economics post Great Depression in the 1930s
a. Classical economics; Milton Friedman b. Keynesian economics; Monetarists c. Classical economics; Keynes d. Monetarist economics; Adam Smith e. Keynesian economics; Milton Friedman